91¿´Æ¬

Federal and Private Loan Options

• Federal Direct Loans for Students

  are the most widely-used loans for undergraduate students. If you submit the Free Application for Federal Student Aid (), you'll have at least one of these loans offered as a part of your financial aid package.

  Eligibility:

  Federal Direct ÌýLoans are available to students enrolled in a degree-seeking program for whom we've received a valid FAFSA. Subsidized loans are offered to students deemed to have financial need according to the FAFSA, while unsubsidized loans are available for all students who are eligible.

  Maximum Loan Amount:

  The Maximum Total represents the total amount that a undergraduate student may receive for the academic year based on class level. The Maximum Subsidized represents the portion of the Maximum Total that a student may receive in a , if eligible, based on information provided on the FAFSA. Ìý ÌýÌý

  Eligible students will receive a financial aid offer that will include a student loan up to the Maximum Total based on class level of which no more than 1/3 of the maximum total may be received for any term, unless the student will be graduating earlier in the academic year.

  Ìý

  Ìý	Class	Maximum Total	Maximum Subsidized
  :	1st-Year Students	$5,500	$3,500
  Ìý	2nd-Year Students	$6,500	$4,500
  Ìý	3rd- and 4th-Year Students	$7,500	$5,500
  :	1st-Year Students	$9,500	$3,500
  Ìý	2nd-Year Students	$10,500	$4,500
  Ìý	3rd- and 4th-Year Students	$12,500	$5,500

  Schedule of Reduction (SOR)

  Beginning with the 2026-27 academic year, students must be enrolled full time (a minimum of 12 credits) each term to be eligible for their maximum total loan amount. Students enrolled less than full time will see their subsidized and/or unsubsidized loans reduced so that the amount is commensurate with their actual enrollment each term using the following formula:ÌýÌýÌý
  Ìý

  ( number of credit hours enrolled for the academic year

  Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý_________________________________________________________________________ Ìý Ìý Ìý Ìý x 100

  number of credit hours considered full time for the academic year )

  Ìý

  For the purpose of calculating SOR, 36 credit hours (12 credits per term) will be used to represent full-time enrollment for undergraduate students. Although a student may be enrolled in more than 12 credits hours in any given term, no more than one-third of the maximum total loan eligibility may be disbursed –except when the student is expected to graduate in the fall or winter term. Students who will graduate in a earlier term should complete the Enrollment Adjustment Form available on our Forms & Resources page.

  Example:Ìý

  1st year undergraduate student eligible for a total of $5,500 of which $3,500 is subsidized. ÌýThe student is initially enrolled in 12 credit hours in the fall quarter and later drops to 11 credits, 12 credits in winter, and 12 credits in spring.Ìý

  Full-time enrollment for the academic year is 36 credits (12 per term). The student is enrolled in 35 credits, or at 97% of full time eligibility, and is eligible to receive 97% of their maximum loan eligibility.Ìý

  Ìý

  Schedule of Reduction Applied

  Enrollment will be evaluated at the time of disbursement and again at the census date (one week after the start of the term). Students enrolled less than 12 credit hours will see their federal loans adjusted for that term. Enrollment decreases that occur after the census date will be captured at the end of term and federal loan(s) adjustments will be applied to the following term. In the example above, because the student was enrolled less than full time at the end of fall term, the winter term disbursement of subsidized and/or unsubsidized loan will disburse at 97%.

  
  Direct Loan Interest Rate:

  • For undergraduate loans borrowed during the 2026-27 academic year: 6.52%
  • For undergraduate loans borrowed during the 2025-26 academic year: 6.39%

  
  These interest rates are fixed for the life of the loan.

  ForÌýsubsidizedÌýloans, the U.S. Department of Education pays the interest while you're enrolled at least half time (six credits or more). Interest accrues onÌýunsubsidizedÌýloans while you are in school and onÌýbothÌýtypes of loans after you leave school. You can pay the interest as it accrues, if you wish. If not paid, interest will be capitalized when repayment begins.

  Origination Fee:Ìý

  A loan origination fee is deducted at disbursement of each installment of the loan.ÌýFor loans first disbursed on or after Oct. 1, 2020 and before Oct. 1, 2025, the fee isÌý1.057%.

  Requirements to receive loan:

  You must complete both a Master Promissory Note and Entrance Counseling online atÌýÌýand remain enrolled at least half-time (six credits or more).

  Repayment:

  You're not required to make any payments while in school. Repayment begins six months after you graduate, withdraw or drop below half-time enrollment. Payments are made to your Direct Loan servicer each month. The minimum payment is $50, but that amount will likely be higher depending on the total amount borrowed.

  The standard repayment period is 10 years but can be as long as 25 years depending on total borrowing and chosen repayment plan.

  Ìý

• Federal Direct Parent PLUS Loan

  The Federal Direct Parent Loan for Undergraduate Students () is a credit-based loan available to parents of dependent undergraduate students. Students will not have this loan included in their financial aid offer. Parents must apply separately for this loan viaÌýÌýand may borrow up to the student's total cost of attendance, minus all other financial aid.

  Ìý
  Eligibility:Ìý

  The Parent PLUS loan is available to credit-worthy parents of dependent undergraduate students who have submitted a FAFSA, regardless of financial need. To be approved, the parent must not have an adverse credit history.

  Conditions that result in an adverse credit history include:

  • One or more debts with a total combined outstanding balance greater than $2,085 that are 90 or more days delinquent or that have been placed in collection or charged-off (written off) during the two years preceding the date of the credit report.
  • Having been subject to any of the following conditions during the five years preceding the date of the credit report:
    • Default determination
    • Discharge of debts in bankruptcy
    • Foreclosure
    • Repossession
    • Tax lien
    • Wage garnishment
    • Write-off of a federal student aid debt

  
  Students are considered to be independent if they are: at least 24 years old; married; have children; a graduate student; a veteran; a member of the armed forces; an orphan, ward of the court, or homeless. If none of those apply, they are considered to be dependent for federal student aid purposes.

  Options if Denied:Ìý

  If you are denied a Parent PLUS loan because of adverse credit, you may...

  • Reapply with a credit-worthy cosigner.
  • Appeal the denial with the Department of Education if there are extenuating circumstances related to your credit history that you can document.
  • Contact us--your student may be eligible for an additional Federal Direct Unsubsidized loan.

  
  Maximum Loan Amount:Ìý

  Effective July 1, 2026, new borrowers must adhere to the following Parent PLUS Loan limits:

  • annual loan amount of up to Ìý$20,000 per academic year per dependent student.
  • aggregate loan amount may not exceed $65,000 per dependent student.

  New borrowers are parents who:

  • Ìýhave not Ìýborrowed a Federal Direct Parent PLUS prior to July 1, 2026 on behalf of their dependent student while enrolled in their Ìýcurrent program of study at 91¿´Æ¬ and,
  • their dependent student has not borrowed a Federal Direct Loan (subsidized/unsubsidized) prior to July 1, 2026 for their current program of study at 91¿´Æ¬.

  Continuing Direct Loan student borrowers at 91¿´Æ¬, or parents who have borrowed a Parent PLUS Loan prior to July 1, 2026, on behalf of a dependent student enrolled in a credentialed program at 91¿´Æ¬, may continue to borrow Parent PLUS loans up the student's cost of attendance under for up to three more academic years or the remainder of that program’s published program length at 91¿´Æ¬, whichever is shorter.Ìý

  Please note the legacy exception only applies to parent borrowers so long as the dependent student continues in their current program of study. Parent of students who lose legacy status will be subject to the new borrower loan amounts— including having existing parent PLUS loans borrowed on behalf of the dependent student, recalculated and applied to the aggregate loan maximum of $65,000 per dependent student.

  Interest Rate:Ìý

  Parent PLUS loans offer interest rates that remain fixed for the life of the loan.

  • For loans borrowed during the 2026-27 academic year: 9.07%
  • For loans borrowed during the 2025-26 academic year: 8.94%

  
  Interest accrues while the student is in school, during any grace period, and during repayment. You can pay the interest as it accrues if you wish. If not paid, interest will be capitalized when repayment begins.

  Origination Fee:Ìý

  A loan origination fee is deducted at the disbursement of each installment of the loan.ÌýFor loans with a first disbursement on or after Oct. 1, 2020, and before Oct. 1, 2025, the fee isÌý4.228%.

  How to Apply:Ìý

  You must sign in toÌýÌýusing your own FSA ID, request a PLUS loan, and complete a Master Promissory Note (MPN).

  A credit check will be conducted once you begin the loan application process. If you were initially denied the Parent PLUS loan but have since qualified by obtaining an endorser or documenting extenuating circumstances, you will also be required to complete PLUS Counseling. This can be completed throughÌýÌýas well.

  Once you're approved, the Department of Education will send us confirmation of your loan approval and the details of the requested amount. The loan will be added to your student's financial aid award after processing.

  Repayment:Ìý

  Repayment begins 60 days after the last disbursement of the loan. However, repayment can be deferred while the student is enrolled at least half-time and for an additional six-month grace period after the student graduates. Payments are made to your Direct Loan servicer each month. The minimum payment is $50, but that amount will likely be higher depending on the total amount borrowed.

  The standard repayment period is 10 years but can be as long as 25 years depending on total borrowing and chosen repayment plan.

  Ìý

  Federal Policy Changes Affecting Higher Education

• Private Student Loan Options

  Many financial institutions offer private student loans, sometimes called alternative loans. ÌýThese are credit-based loans to help cover remaining educational expenses after federal loans have been applied. ÌýThe total amount you receive cannot exceed your total cost of attendance after all other forms of financial aid have been applied. While competitive, interest rates may vary among lenders and a co-signer is often required where established credit cannot be demonstrated. However, federal student loans are legally required to provide a range of repayment options, including income-based repayment plans and loan forgiveness benefits. Private loans are not required to offer any such flexibility. Since Federal Direct loans are available to all students regardless of financial need, they often represent a preferable funding option. Learn more about .

• 2026-27 Preferred Lenders for Private Educational Loans

  Interest rates, origination fees, and repayment information all vary widely from lender to lender. If you choose to pursue a private education loan, you will need to apply directly through the lender of your choice. Apply early, as processing may take several weeks. As part of the application process, you will be required to complete theÌýPrivate Education Loan Applicant Self-Certification Form, which is also available on each lender's website. Information needed to complete this form, such as cost of attendance, can be obtained from either your financial aid offer or via .

  Eligibility:ÌýPrivate education loans are available to all credit-worthy students (no FAFSA needed). Eligibility for private loans varies among lenders, but a credit check and/or debt-to-income ratio is usually required. A co-borrower may also be required.

  Maximum Loan Amount:ÌýUp to your total cost of attendance, less all other financial aid.

  Preferred Lender Process

  As part of our responsibility to provide students and families with clear and unbiased information, the institution conducts an annual structured Request for Information (RFI) process to identify private education loan lenders for inclusion on our preferred lender list. Lenders that choose to participate are evaluated based solely on the information they voluntarily submit in response to the RFI. The institution does not accept compensation or incentives from any lender for placement on the list, and the presence of a lender does not constitute a recommendation or endorsement. Students and families are free to borrow from any lender of their choosing, including those not included on the list, and 91¿´Æ¬ will process requests all the same and without delay.

  In reviewing RFI responses for 2026-27 Preferred Lender List, the University applied consistent, student-focused evaluation criteria designed to highlight options that may be beneficial for student borrowers. Priority was first given to lenders offering low, fixed interest rate options to our graduate student population in consideration of recent federal policy changes. Secondary consideration was given to the overall quality of loan terms, including repayment options, available grace periods, and borrower-friendly features such as co-signer release provisions. Finally, additional consideration was given to lenders whose generally favorable terms also included the option for multi-year loan approval, which may reduce the need for repeated applications. Where lenders offered similar options, the review committee chose the optimal option based on all available terms. These criteria were used solely for informational purposes to assist borrowers in comparing loan options.

  Please review our 2026-27 Preferred Lender List for more detailed information about loan options. We encourage you to explore a all lender options available through to review the details of each product to ensure you are choosing one that best meets your needs. ÌýWe will certify loan requests from all lenders, including those that do not appear on our preferred lender list.Ìý

  Upon approval disbursed loans will first pay toward your charges, and if you have borrowed an amount greater than your bill, the Office of Student BillingÌýwill generate a refund to you for the difference.